Porsche to make nilpremium offer for Volkswagen

Newswire

FRANKFURT, March 24 (Reuters) - German carmaker Porsche said on Saturday that it would make an nil premium offer to buy Volkswagen , Europe's biggest automaker. Porsche said that its supervisory board had authorised its management to increase the company's stake in Volkswagen to up to 31 percent and that the mandatory offer that this would trigger was set to follow. It said that it would only offer the minimum price which was expected to be 100.92 euros ($134.6) for each Volkswagen ...

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